Man Convicted Again for Fraud After Swindling Cellmate Out of 1 Million Shekels
Translated & summarized from Maariv by baba
Nissim Djaladti has been convicted again for fraud after swindling a fellow inmate out of 1 million shekels in a stock deal. The court found that Djaladti misused an advance payment for personal bail and never transferred the promised shares. He also later demanded an additional sum, a claim the court rejected. The judge cited the significant amount, the extended nature of the fraud, and the exploitation of trust as aggravating factors.
The story in 5 lines · by baba
- Nissim Djaladti was convicted of defrauding a cellmate out of 1 million shekels in a stock deal.
- Djaladti misused an advance payment for personal bail and never transferred the promised shares.
- The court rejected Djaladti's claim that the agreed price was higher and he was owed more money.
- The judge highlighted the exploitation of trust between the defendant and complainant as an aggravating factor.
- Djaladti has prior convictions for money laundering and tax offenses.
Nissim Djaladti, who has prior convictions for money laundering and tax offenses, has been convicted again for defrauding a fellow inmate out of 1 million shekels in a stock deal. The court acquitted Djaladti of charges of theft by an authorized person and of receiving benefits by fraud related to an investment in "Excel Solutions" shares, where 100,000 shekels were transferred. He was also cleared of money laundering charges under the Prohibition on Money Laundering Law. Djaladti committed the current offenses during his previous prison sentence and immediately after his release on license.
In 2020, Djaladti proposed to the complainant that he invest 1 million shekels for a 2.5% stake in a shell company. The complainant initially transferred 250,000 shekels to a lawyer's trust account, believing it was an advance for the shares. However, these funds were used by Djaladti to deposit a personal bail bond in a prior criminal proceeding, without the complainant's knowledge or consent. In January 2021, the complainant transferred the remaining 750,000 shekels to a company account, after Djaladti claimed this was necessary for tax purposes. Of this amount, 728,000 shekels were withdrawn in cash and given to Djaladti after a commission was deducted.
Despite receiving the full 1 million shekels, Djaladti never transferred the shares or took steps to do so. He later claimed the agreed price was 1.8 million shekels and demanded an additional 800,000 shekels, a claim the court rejected based on Djaladti's own handwriting and real-time correspondence.
The court ruled that the fraud conviction was based on the totality of the evidence, including the misuse of the advance payment for personal needs, receiving the full payment, and the subsequent demand for more money. The judge noted the significant sum, the extended period of the fraud, and the exploitation of the close trust between the defendant and the complainant as aggravating factors.
Furthermore, documents including a power of attorney and client identification were forged in the complainant's name to withdraw the funds, without his authorization. Another individual, M., was convicted of forgery, while Djaladti was convicted as a joint perpetrator, having been involved in the scheme and benefiting from the funds obtained through it. The defendants' alibis were refuted by cell phone location data.
